Pursuant to Regulation 24A(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Annual Secretarial Compliance Report of Everest Industries Limited ("Company") for the financial year ended March 31, 2026 issued by M/s. Parikh & Associates, Practicing Company Secretaries.
Newspaper Advertisement on Notice of Transfer of Equity shares of the Company and Unclaimed Final Dividend of FY 2018-19 to Investor Education Protection Fund.
We would like to inform the exchanges that pursuant to the recommendation of the Audit Committee and Risk Management Committee, the Board of Directors of the Company at their meeting held today i.e. on May 26, 2026 has approved the appointment of Mr. Sunder Nilakantan as an Internal Auditor and Chief Risk Officer of the Company w.e.f. May 26, 2026. With this appointment, Mr. Niranjan Gokhale shall cease to hold the additional role and position of Internal Auditor w.e.f. May 26, 2026 and will continue to hold the position of Head - Strategy. The brief profile and other details of Mr. Sunder Nilakantan as per SEBI Master Circular No. HO/49/14/14(7)2025 CFD-POD2/I/3762/2026 dated January 30, 2026, is attached as "Annexure A."
The Board at its meeting held today recommended a Final Dividend of Rs. 1.00/- per equity share of face value of Rs. 10/- each for the financial year ended March 31, 2026. The above dividend, if declared by the members of the Company at the ensuing Annual General Meeting will be paid within 30 days from the date of Annual General Meeting.
We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. May 26, 2026, has inter-alia, considered and approved Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2026, as recommended by the Audit Committee. Further, the Board at its meeting held today recommended a Final Dividend of Rs. 1.00/- per equity share of face value of Rs. 10/- each for the financial year ended March 31, 2026. The above dividend, if declared by the members of the Company at the ensuing Annual General Meeting will be paid within 30 days from the date of Annual General Meeting.
We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. May 26, 2026, has inter-alia, considered and approved Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2026, as recommended by the Audit Committee.
the Audited (Standalone and Consolidated) Financial Results of the Company for the quarter and year ended March 31, 2026 and to recommend final dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2026. Further, in continuation to our earlier intimation dated March 26, 2026 regarding closure of Trading Window, we wish to inform you that the Trading Window for dealing in the shares of the Company shall remain closed from April 1, 2026 to May 28, 2026 (both days inclusive).
Pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026 please find enclosed the copies of the advertisement published in newspapers viz. Financial Express (All Editions) and Deshdoot (Nashik Edition) on April 30, 2026 regarding Special Window for re-lodgement of transfer requests and dematerialisation of physical shares.
This intimation is in furtherance to our initial intimation dated August 29, 2025 on the board approval and execution of a binding term sheet for the sale of vacant land at Podanur and subsequent updates in connection with the said transaction on October 27, 2025, January 25, 2026 and April 01, 2026. As per the last update dated April 01, 2026, we had informed the exchanges that the phase I sale of land of ~ 16 acres would be completed in the month of April, 2026. We are now pleased to inform the exchanges that on April 10, 2026, the Company has concluded the execution of a Sale Deed with G Square Properties Private Limited under Phase I and the Company has sold/ transferred 16.84 acres as per the documents of title/term sheet (which are equivalent to 18.99 acres as per Patta and 19.41 acres as per FMB) of vacant, excess land located at Kurichi Village, Podannur, Madukkarai Taluk, Coimbatore District, Tamil Nadu. This is for your information and record.
The Company has been obtaining the rating of its bank finances from both CRISIL Ratings & ICRA Limited ("ICRA"). Out of the two Credit Rating Agencies, Everest Industries Limited ("the Company") has voluntarily requested ICRA to withdraw. Pursuant to the provisions of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations"), this is to inform you that pursuant to the aforesaid request, ICRA Limited, Credit Rating Agency, has withdrawn its credit rating service for the instruments of the Company vide their letter bearing reference no: ICRA/ Everest Industries Limited/ 10042026/ 1 dated April 10, 2026. The said letter is attached herewith.
| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 317.15 | 354.52 | 432.95 | 521.10 | 373.95 | 367.43 | 444.54 | 486.80 | 288.59 | 268.83 | 310.01 | 418.70 |
| YOY Revenue Growth % | -10.79% | -9.52% | -2.91% | 7.63% | 17.91% | 3.64% | 2.68% | -6.58% | -22.83% | -26.83% | -30.26% | -13.99% |
| Other Income | 7.26 | 5.37 | 3.76 | 6.84 | 4.05 | 3.38 | 9.55 | 5.75 | 4.24 | 4.46 | 7.23 | 5.07 |
| Total Income | 324.41 | 359.89 | 436.70 | 527.94 | 378.00 | 370.81 | 454.08 | 492.55 | 292.84 | 273.29 | 317.25 | 423.77 |
| Total Expenses + | 327.89 | 357.19 | 430.24 | 505.55 | 388.81 | 386.12 | 448.46 | 482.56 | 310.14 | 300.60 | 351.69 | 386.66 |
| Cost of Materials Consumed | 212.33 | 211.17 | 264.91 | 270.32 | 245.28 | 247.92 | 261.59 | 258.44 | 166.60 | 145.87 | 187.88 | 213.45 |
| Employee Benefit Expense | 35.68 | 38.42 | 38.62 | 39.23 | 42.90 | 40.44 | 39.46 | 37.22 | 40.38 | 35.61 | 37.55 | 34.10 |
| Other Expenses | 95.84 | 97.38 | 118.81 | 133.39 | 113.05 | 112.97 | 126.50 | 123.72 | 89.80 | 87.11 | 98.29 | 102.07 |
| Operating Profit | -10.74 | -2.67 | 2.71 | 15.55 | -14.85 | -18.68 | -3.92 | 4.24 | -21.54 | -31.76 | -41.68 | 32.04 |
| OPM % | -3.4% | -0.8% | 0.6% | 3% | -4% | -5.1% | -0.9% | 0.9% | -7.5% | -11.8% | -13.4% | 7.7% |
| Profit Before Tax + | -3.48 | 2.69 | 6.46 | 26.22 | -10.80 | -15.31 | 13.42 | 9.99 | -17.30 | -40.60 | -63.15 | 128.36 |
| Tax Expense | 0.19 | 1.14 | -1.72 | 7.20 | -2.31 | -3.45 | -2.25 | 2.86 | -5.25 | -8.87 | 0.38 | 20.64 |
| Tax % | - | 42.3% | -26.6% | 27.4% | - | - | -16.8% | 28.7% | - | - | - | 16.1% |
| Profit After Tax | -3.67 | 1.55 | 8.18 | 19.03 | -8.49 | -11.86 | 15.67 | 7.13 | -12.05 | -31.72 | -63.53 | 107.72 |
| EPS (Basic) | -2.33 | 0.99 | 5.18 | 12.05 | -5.37 | -7.49 | 9.91 | 4.51 | -7.61 | -20.01 | -40.07 | 67.94 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,354.24 | 1,707.02 | 1,588.76 | 1,645.03 | 1,361.19 | 1,213.24 | 1,283.75 |
| YOY Revenue Growth % | -20.67% | 7.44% | -3.42% | 20.85% | 12.19% | -5.49% | - |
| Other Income | 21.69 | 23.81 | 21.25 | 40.43 | 29.16 | 8.89 | 9.05 |
| Total Income | 1,375.93 | 1,730.83 | 1,610.01 | 1,685.46 | 1,390.35 | 1,222.13 | 1,292.80 |
| Total Expenses + | 1,444.99 | 1,728.93 | 1,589.48 | 1,641.78 | 1,323.79 | 1,129.29 | 1,220.75 |
| Cost of Materials Consumed | 758.79 | 1,025.11 | 924.82 | 987.03 | 775.99 | 612.24 | 719.34 |
| Employee Benefit Expense | 150.76 | 162.03 | 152.90 | 148.90 | 129.18 | 108.84 | 115.71 |
| Other Expenses | 398.92 | 485.90 | 439.18 | 471.25 | 419.72 | 338.74 | 385.70 |
| Operating Profit | -90.75 | -21.91 | -0.72 | 3.25 | 37.40 | 83.95 | 63.00 |
| OPM % | -6.7% | -1.3% | -0% | 0.2% | 2.7% | 6.9% | 4.9% |
| Profit Before Exceptional | -69.06 | 1.90 | 20.52 | 43.68 | 66.56 | 92.84 | 21.40 |
| Exceptional Items | -42.00 | 11.63 | 7.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | -111.05 | 13.53 | 28.12 | 43.68 | 66.56 | 92.84 | 21.40 |
| Tax Expense | -10.88 | -0.82 | 4.25 | 0.48 | 22.44 | 35.24 | 7.35 |
| Tax % | - | -6.1% | 15.1% | 1.1% | 33.7% | 38% | 34.3% |
| Profit After Tax | -100.17 | 14.35 | 23.87 | 43.20 | 44.12 | 57.60 | 14.05 |
| EPS (Basic) | -63.24 | 9.08 | 15.14 | 27.52 | 28.20 | 36.83 | 8.99 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 532.96 | 554.98 | 501.11 | 436.19 | 446.76 | 443.93 | 0.00 |
| Property, Plant & Equipment | 307.82 | 315.40 | 365.86 | 385.09 | 397.00 | 352.72 | 0.00 |
| Capital Work in Progress | 9.52 | 9.49 | 3.94 | 12.18 | 19.05 | 13.42 | 0.00 |
| Non-Current Investments | 10.14 | 9.29 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 84.12 | 92.08 | 2.52 | 2.67 | 1.08 | 2.47 | 0.00 |
| Current Assets + | 586.46 | 668.45 | 613.43 | 684.99 | 612.00 | 486.64 | 0.00 |
| Inventories | 318.17 | 418.41 | 384.70 | 507.73 | 332.77 | 255.28 | 0.00 |
| Trade Receivables | 111.34 | 159.15 | 98.53 | 107.25 | 55.88 | 58.16 | 0.00 |
| Cash and Cash Equivalents | 42.91 | 4.75 | 44.06 | 12.58 | 96.42 | 47.74 | 0.00 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 523.01 | 623.27 | 605.91 | 584.06 | 543.90 | 510.03 | 0.00 |
| Equity Share Capital | 15.86 | 15.82 | 15.79 | 15.74 | 15.68 | 15.64 | 0.00 |
| Other Equity | 507.15 | 607.45 | 590.12 | 568.32 | 528.22 | 494.39 | 0.00 |
| Non-Current Liabilities | 102.62 | 117.49 | 70.81 | 71.60 | 74.98 | 31.07 | 0.00 |
| Current Liabilities | 493.81 | 482.66 | 475.88 | 477.69 | 439.88 | 389.47 | 0.00 |
| Total Liabilities | 596.43 | 600.15 | 546.68 | 549.29 | 514.86 | 420.54 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 109.59 | -69.91 | 195.81 | -166.64 | 30.61 | 264.43 | 0.00 |
| Cash from Investing Activities | -10.41 | -7.67 | -80.59 | 40.30 | 35.62 | -139.74 | 0.00 |
| Cash from Financing Activities | -61.02 | 38.27 | -83.74 | 42.50 | -17.55 | -79.37 | 0.00 |
| Net Increase/Decrease in Cash | 38.16 | -39.31 | 31.48 | -83.84 | 48.68 | 45.32 | 0.00 |